Appetite for risk is being fueled by the Fed, BOJ and EU support for Greece. Even Standard and Poor’s has given Greece’s austerity budget cuts their stamp of approval. Before, that ‘sign of approval’ would have been a ‘big’ market mover, but, rating agencies beleaguered reputations do not seem to carry the same weight nowadays. Perhaps, it’s the Goldman Sachs influence! Bernanke’s communiqué is leaning towards being small ‘dovish’ in tone. The reinserting of ‘whatever it takes to stem the [...] read more





